"These are Putin's sanctions": Understanding the economic sanctions against Russia

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The world has responded to Russia’s invasion of Ukraine with crippling sanctions that are damaging the Russian economy. Sharyn Alfonsi reports.

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45 thoughts on “"These are Putin's sanctions": Understanding the economic sanctions against Russia”

  1. What people don’t realize is that this guy just did Putin a BIG favor. Russia’s currency has now more than double. The EU are now paying their gas in Russian currency. This weakens the dollar as a foreign currency reserve. Moreover, the sanctions has backfired EU economies that are now enduring higher inflation.
    One thing I learn is numbers/economies don’t really mix well with politics. Daleep has now resigned 🤦🏽‍♀️

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  2. This war is only making things tougher for the average Joe, prices going crazy globally and standard of living drastically dropping, I am literally scared for the future of the economy at this point, My condolences to anyone like myself retiring this year, 30years of nonstop work just to have a crooked system swallow all your earnings.

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  4. Ironic that Mr. Singh is about 30 times more intelligent than Below Average Joe Biden is. Me. Singh is correct, of course but what really needs to happen is Mr. Putin needs to be replaced. Economic sanctions will never hurt Putin directly or personally. What a shame that Biden is as weak as he is and has no moxy. He cannot deal with Putin the way that President Trump did.

    #44SUCKS

    #46SUCKS

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  8. Impact of sanctions on the Russian economy:

    1. Economic growth for the first quarter of this year amounted to 3.7%. At the same time, if we take industry separately, it grew by 5.9% over the quarter, and in March, compared to February, the growth in industry amounted to 9.9%.

    2. Unemployment remains at a historically low level and is not going to rise – 4.1%

    3. Suddenly, budget revenues increased by a third (30.4%), which caused a budget surplus of 2,417 billion rubles, which is 3.6 times more than last year's surplus. And that's for the quarter.

    4. Inflation has been declining for several weeks in a row. Gasoline prices began to decline in March and continued into April. Inflation is declining because Russia has stopped its imports, today prices are slowly untied from world prices.

    The impact of sanctions on the economy of Germany and the EU:

    1. The volume of imports from Russia to Germany, expressed in financial terms, rose to historical records. And we are not talking about energy supplies, but about other types of goods. This is written by the German edition of Die Welt. The Federal Statistical Office of Germany reports that the turnover with the Russian Federation in March alone amounted to more than 3.6 billion euros (in 2014 it was 3.5 billion), which is 44% more than last year.

    2. Europeans began to suffer from the closure of the Russian skies in response to the closure of the European skies for Russian companies. Because of this, German Chancellor Olaf Scholz recently had to fly to Japan via the North Pole, with refueling in Alaska. The total lengthening of the flight in one direction was an hour and a half. But this is for the chancellor, and for ordinary people, the delay compared to the normal route through Russia and China can be much longer. In addition, flying over the pole is more dangerous than flying over populated areas. There is nowhere to make an emergency landing and refuel, so the preparation of cars and pilots requires increased attention.

    3. European Union airlines have been hit hard by sanctions against Russia. This is stated in the draft resolution of the European Parliament (EP). As noted in the draft, the aviation sector is faced with rising costs, rerouting and flight cancellations. The document states that the increase in the route for flying around the airspace of the Russian Federation and Belarus takes up to four hours one way, which leads to problems with refueling and an increase in the working day of the crew. The EP also drew attention to possible interruptions in the supply of titanium used in the construction of aircraft in the near future, the main producers of which are Russia and Ukraine.

    4. Germany is experiencing an inflationary shock in the food retail sector. This is stated in an article in the German newspaper Handelsblatt. The publication recalled that food prices rose by more than 6 percent in March. At the same time, the cost of fresh vegetables increased by more than 14 percent, and vegetable oil – by 17 percent. The consumer climate in Germany is deteriorating. According to the GfK forecast, the consumer climate index will decrease by 26.5 points. This is the lowest value for all time of measurements. Company expert Robert Kechkes explained that consumer budgets have shrunk due to overall rising costs. The reason for this was the strong uncertainty of the Germans, he added. Earlier, the country's Federal Statistical Office (Destatis) reported that annual inflation in April 2022 in Germany will accelerate to 7.4 percent, which is a record for many years.

    5. Consumer prices in the euro area in April rose by 7.5 percent in annual terms, according to preliminary data from the Statistical Office of the European Union. This is an absolute record in the history of calculations. Inflation has accelerated, in March it was 7.4 percent. Inflation exceeds the target of the European Central Bank (set at two percent) by more than three times. This trend is associated primarily with the rise in energy prices, despite the fact that the growth rate slowed down to 38 percent (compared to 44.4 percent in March). The lowest inflation rates over the past 12 months were recorded in Malta (4.5 percent), France (5.1 percent) and Portugal (5.5 percent), the highest in Lithuania (15.6 percent), Estonia (14 .8 percent) and the Czech Republic (11.9 percent).

    6. After the imposition of sanctions against the subsidiary of the Russian holding Novatek, Novatek Green Energy in Poland, the supply of blue fuel to dozens of municipalities was stopped. In Bulgaria, the cost of gas due to the cessation of supplies from the Russian Federation increased by 50%.

    7. The euro crashed to the lows of early 2020, before the lockdown.

    Impact of sanctions on the US economy:

    1. The US economy contracted in the first quarter of 2022 by 1.4 percent year on year.

    2. The US trade deficit in March amounted to $109.8 billion against 89.8 billion a month ago. The pace of deficit expansion is unprecedented.

    The West poured all military surpluses onto Ukraine, and also took on the maintenance of the Ukrainian economy in the amount of 5-7 billion dollars a month.

    Inside the countries that support anti-Russian measures, political problems are intensifying due to rising world prices.

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  12. I believe Russia's ecconomy is smaller than Italy and for sanctions to have this much impact on the rest of us… Imagine if we sanctioned the second largest ecconomy in the world? China.

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  13. Hey guys!
    Update from the end of May. Ruble is the strongest since 2014. Russian Central Bank actually had to step in to weaken Ruble a bit…
    Correction to the guy at 4:32 – Pootin did not care, mate!

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  16. #Russianruble
    #Putinisplayingchess
    #Bidenisplayingcheckers

    Let me put it this way if you bought one long commodity contract long on the Russian ruble and short on the US dollar and or EU dollar 3 months ago

    (The exact moment let's go Brandon said he's going to turn the Ruble into Rubble)

    You would be very close to never having to worry about Money 💰💰💰💰💰💰💰 Ever Again!

    Since the 1970s the entire Western world when buying oil from Saudi Arabia or other Middle Eastern oil producers first had to do one thing before they bought that oil

    They required by Saudi Arabia to pay for that oil in US treasuries AKA US currency
    Now if Brandon were to call Saudi Arabian Kings for increased oil production they wouldn't even pick up the phone when Brandon Called
    #PetroDollar
    That is what is known as false fake demand for US dollar.
    And no it is no more.US Dollars crashing compared to Russian Ruble..(no it didn't turn into rebel like Brandon told you it would)

    The Russian dollar or ruble
    ……. RUBLE IS THE

    STRONGEST 💵💲 ON THE PLANET RIGHT NOW!

    Putin took a page out of America's 1970's Petro Dollar playbook now when the world wants to buy wheat oil or natural gas from Russia first they have to do one thing

    Buy Russian rubles first
    Russell will not take US dollars for their oil or their weat or gas

    So the US and Europe has a choice run out of gas freeze next winter and have no oil or gas for cars for energy for lights to power up your electric motor to power up your electric phone I just go back to the stone ages horse and carriage style

    Or do us Putin says to do … Your move world…..

    freeze or paid Putin in rubles

    Second half of this video explains in great detail how Putin is doing all of this and much more to put the world under his thumb while he plays chess while let's go Brandon is playing tiddlywinks

    ( https://youtu.be/COl-b6pD214?t=2664 )

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  19. Ruble turned into a rubble??? Russian currency recovered 126% as his mouth was moving… as I said before desperate European leaders who will cut their furniture this winter will never win Russia 🇷🇺

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  20. 🇬🇧Enjoy your meal.

    More than 10,000 pubs and restaurants may close in the UK due to rising prices.

    According to the Daily Mail, the inflation in the restaurant business in the United Kingdom ranges from 13% to 17%

    Already, about 20 thousand enterprises are operating below the break-even point due to inflation, rising energy prices and rent increases.

    We need more sanctions.

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  22. the ruble is the strongest is ever been. I just came back from Moscow and witnessed how well they are doing amidst these sanctions. proves this guy, with all his academic degrees, is a joke. Russia is more resilient and self sufficient than this guy could have predicted. US will get tired quicker than Russia. What a waste!

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  26. Why USA think you have a right to police the world? You are no better then then Russia in any way. Now we know you just want to destroy our country and bring us back in to poverty.

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  27. The West is getting close to exhausting its ability to impose sanctions, and we have yet to see Russia change its behavior or its economy crumble. It’s currency is getting stronger to the point of worrying the Russian Central Bank and prompting them to take steps to getting back to 60 rubles against one dollar. We don’t see food shortages there.
    Meantime, we are paying a lot for gas and inflation is running high. I’ve heard talk of easing some sanctions for some commodities like fertilizer.
    So, I ask, “Where is the wisdom in imposing so many sanctions with little to none results in terms of bringing about the desired behavioral change in Russia?”

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  29. Americans are being duped. Russia is just selling their oil someplace else. They can last years, if not decades. Brandon is inept and ineffective. The only people being hurt by the sanctions is US- Exactly what Brandon wants.

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  40. It’s messed up! The only people that are suffering are the poor and the working class! Literally hurting people that don’t have much to begin with! The rich can still afford to eat it’s not fair ! Putin already showed he doesn’t care so why hurt the innocent Russian people that have no choice it in this war! Why not just target Putin directly and the government and leave this innocent Russian persons away!

    Reply

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